Gold’s rally isn’t over yet as downside risks stay low, analysts say

From invezz.com

Gold prices are unlikely to decline significantly in the coming weeks as rising safe-haven demand continues to support the metal, analysts said. Uncertainty in stock markets across the world and elevated geopolitical tensions have continued to support the safe-haven appeal of both gold and silver. Gold climbed to a new record high of $3,066 per ounce on COMEX earlier on Monday. Prices had gained after the US Federal Reserve’s meeting last week. chart “US rate cut expectations rose slightly after the meeting, which underpinned gold’s general strength but failed to provide any fresh impetus,” Thu Lan Nguyen, ... (full story)